PLATMA, an AI business automation platform, announced raising $2.2 million in a pre-seed funding round.
The company also unveiled its plans to enter the Middle East and North Africa (MENA) market, marking a significant step in introducing low/no-code solutions to this rapidly growing region.
With a strong foothold in the UAE, home to its fastest-growing office, PLATMA is already supporting a range of local businesses across the MENA region.
“The MENA region is a strategic priority for PLATMA as businesses here increasingly seek innovative solutions for digital transformation,” said Yaroslav Kologryvov, Co-Founder of PLATMA.
“Our platform’s ability to convert natural language into functional business applications aligns with the region’s vision for technological advancement and economic diversification,” he said.
The platform, which was recognised as the ‘Best AI Startup’ at the FutureTech World Cup in Dubai, collaborates with partners such as CBI Bank and other regional organisations.
The platform’s MENA expansion is fuelled by a consortium of international investors led by the global venture fund Almaz Capital, with participation from Kazakhstan’s EA Group, Uzbekistan’s Aloqa Ventures, and several other investors and angel backers.
The round also saw support from Estonia-based Startup Wise Guys, Azerbaijan’s CAUCASUS VC, and venture investors from Kazakhstan, such as Tumar Venture Fund, MOST Ventures, ACTIVAT VC, and angel investor Murat Abdrakhmanov.
The funds raised will be allocated to further advancing PLATMA’s AI capabilities, addressing regional business needs.
PLATMA enables companies with no coding experience to build complex digital solutions using AI-powered natural language processing, making digital transformation accessible to businesses of all sizes across the MENA region.
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